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Author: rjm1 Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75402  
Subject: Re: college savings for children Date: 11/24/2000 3:42 PM
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I would like advice on saving for college. I am 44 years old and my daughters (now 3 and 1 years-old) will be entering
college just about the time I'm retiring. How do I save for both events? I don't want a custodial account in their names.
thank, bruce


First estimate how much you will need for both.

Then assume you will earn 10% a year and work this backwards to how much you have to save each month.

Then adjust your monthly expenses so you can save this money.

To start investing us a mutual fund and index funds.

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